Equinox Gold Corp. (NYSEAMERICAN:EQX) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Equinox Gold Corp. (NYSEAMERICAN:EQX - Get Free Report) have received a consensus rating of "Moderate Buy" from the six analysts that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $35.00.

A number of research analysts have weighed in on the stock. National Bank Financial upgraded shares of Equinox Gold to a "strong-buy" rating in a research note on Friday, March 21st. BMO Capital Markets started coverage on shares of Equinox Gold in a report on Wednesday. They issued an "outperform" rating on the stock. National Bankshares reissued an "outperform" rating on shares of Equinox Gold in a research report on Friday. Finally, CIBC reiterated a "neutral" rating on shares of Equinox Gold in a research note on Friday.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Invst LLC bought a new stake in Equinox Gold in the 1st quarter worth about $877,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Equinox Gold by 164.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 780,141 shares of the company's stock valued at $5,367,000 after buying an additional 485,567 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Equinox Gold by 35.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,862,225 shares of the company's stock valued at $12,812,000 after buying an additional 490,251 shares during the period. Dynamic Technology Lab Private Ltd boosted its stake in shares of Equinox Gold by 92.8% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 162,043 shares of the company's stock worth $1,115,000 after buying an additional 78,011 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in Equinox Gold during the first quarter valued at $6,883,000. Hedge funds and other institutional investors own 38.85% of the company's stock.

Equinox Gold Stock Performance

EQX stock opened at $6.29 on Wednesday. The firm has a market cap of $2.87 billion, a PE ratio of 12.57 and a beta of 1.17. The stock has a 50-day moving average price of $6.63 and a 200-day moving average price of $6.17. The company has a current ratio of 0.85, a quick ratio of 0.50 and a debt-to-equity ratio of 0.38. Equinox Gold has a 1-year low of $4.48 and a 1-year high of $7.45.

Equinox Gold (NYSEAMERICAN:EQX - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.19). Equinox Gold had a net margin of 13.96% and a return on equity of 2.20%. The firm had revenue of $423.72 million for the quarter, compared to the consensus estimate of $404.00 million. During the same quarter in the prior year, the firm earned ($0.13) EPS. The company's revenue was up 75.6% compared to the same quarter last year. As a group, equities research analysts expect that Equinox Gold will post 0.85 earnings per share for the current year.

About Equinox Gold

Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada.

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